Do I see a triangle continuation pattern forming? (in red) I say speculative view in the title of this Idea because none of the patterns I think I see have completed yet. As a trader, you have a higher probability of trading after validation/confirmation of patterns rather than anticipating their completion. But it's fun to speculate sometimes : ) We could...
Could this be ETH's price channel? If so, we could see prices over 10k this year, and even more unimaginable prices into 2025.
Calculated based on percentage moves on previous price action.
ETH has been wicking into the $13-15 range repeatedly. It's knocking on the door, and I feel like it's just a matter of time before that door opens, support is lost, and the price tanks. I'm not entirely sure where the next level of support is however. I will keep an eye on this one and update as things materialize.
I'm skeptical, but this could be a Bear Flag forming... The bull flag pattern is a continuation pattern that facilitates an extension of an uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
Could this be a continuation / triangle pattern? I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance. Should price action keep testing that level around 218, I could see prices break out, retest...
Adam & Eve is a double bottom pattern. I think I see one here, but I don't have a lot of experience 1) catching these or 2) trading on them. I'm posting this less of a long call, but as an exercise to see how price action reacts at these levels. Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this...
keeping an eye on PLL's price action, resistance levels, and price imbalances
Price action will soon be testing a level of resistance. Of the many possible outcomes, price action could break out of this channel and proceed higher to complete the bull flag, or PA could return back to the lower end of this channel, which could give us something like a huge multi-year inverse head & shoulders pattern. Which would also be bullish, but not...
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. source Wikipedia
Ralph Lauren - two short options. One based on HS, the other based on a Shart.
This appears to be an ascending wedge, a bearish pattern if it completes.
For the past year or so, AMEX:XLE keeps getting rejected at the top of this triangle. In my experience, if Price Action knocks enough on the door (be it support or resistance), eventually the door will be open and price action will break-through. Steps I noticed on an Impulse Breakout: - Price Action smashes through resistance - Price Action looks very...
Like CRYPTOCAP:BTC , NASDAQ:MSTR is squeezing against 2 levels of support/resistance. Here is a possible price action path MSTR could follow in the near term.
What I've done here is used the bars pattern to find a "reasonable" low in total market cap. and by reasonable, I mean made up. I like the resulting parallel trend line, however the gap at the bottom concerns me. Markets just may need to see a complete dump before a bull market can happen again. Who knows.
TA, I think, should be reactive, not predictive, but occasionally it's fun to predict - so here goes: - I could see this H&S (pink) inside a H&S (purple) playing out. or at least it's a possibility - The only real pattern here is a triangle, which would be a continuation pattern resulting in lower price action - I think I see some confluence with the fibs too -...